Final answer:
The correct statement regarding bryophyte development is that haploid spores germinate to produce a protonema, which later develops into a sporophyte.
Step-by-step explanation:
The correct statement with respect to bryophyte development is:
C. haploid spores germinate to give rise to protonema, which later develops into a sporophyte.
In bryophytes, such as mosses, the life cycle includes alternation of generations between the haploid gametophyte and the diploid sporophyte. Haploid spores, which are produced by the sporophyte through meiosis, germinate to form a protonema. This eventually develops into a mature gametophyte. The gametophyte produces haploid gametes that, upon fertilization, give rise to a diploid zygote that will develop into the new sporophyte generation.